All Blogs
Southwest Sri Lanka coastal hotel property sold by John Keells
April 20, 2007 (LBO) – The hotel unit of John Keells Holdings has sold a hotel property on Sri Lanka’s Unawatuna coastal town in the South West of the island, the firm told the Colombo Stock Exchange Friday. Last week another listed firm, Hemas said a re-branding of several hotels in partnership with the Minor […]
Caltex Sri Lanka unit eyes Maldivian lubricant market
April 20, 2007 (LBO) – Chevron Texaco’s Sri Lanka unit, Caltex Lubricants, Friday signed a five-year deal with a Maldivian firm to expand in to the lubricant market in the archipelago. The agreement will let Caltex enhance its market position in the Maldivian lubricant market which is growing at 12 percent a year.“Currently we have approximately […]
‘s Sri Lanka unit reveals interest in offshore oil exploration
April 20, 2007 (LBO) – US oil giant Chevron-Texaco is interested in bidding for offshore oil exploration blocks in Sri Lankan waters, a top official of its local unit, Caltex Lubricants said. “Chevron is interested in the exploration opportunity,” Kishu Gomes, Managing Director Caltex in Sri Lanka told reporters. “There is a delegation going to Houston, […]
Coming Through
April 20, 2007 (LBO) – George Steuart and Company has started a school for Chartered Institute of Management Accountants(CIMA) students to meet growing demand for professionals with the qualification. The CIMA council says that Sri Lanka is in need of more CIMA qualified professionals to satisfy the rising demand. The demand for CIMA qualifiers is […]
Digital Gap
April 20, 2007 (LBO) –Sri Lanka would need 12,000 information technology (IT) sector workers over the next two years, but the country’s educational system can supply only half that, the government’s IT promotional body said. “Future demand patterns indicate a requirement of nearly 12,000 more IT workers over the next couple of years,” Sri Lanka’s […]
Mobile Capital
April 20, 2007 (LBO) – Dialog Telekom, a unit of Malaysia Telekom, is raising 20.5 billion rupees from the capital market through an issue of ordinary and preference shares, the firm told the Colombo Stock Exchange Friday. (1 US dollar = Rs 110) The mobile operator, Sri Lanka’s largest is raising 15.54 billion rupees by […]
Sri Lanka look to 1996 for World Cup inspiration
April 20, 2007 (AFP) – Sri Lanka are drawing inspiration from their 1996 World Cup victory ahead of their likely match-up with New Zealand in the next week’s semi-finals.Sri Lanka stunned India in a group game in 1996, beating them again in the semi-final before going on to lift the trophy. Romesh Kaluwitharana, the former […]
Retiring Lara reiceves stones and flowers
BRIDGETOWN, Barbados, April 20, 2007 (AFP) – Former greats on Friday paid glowing tributes to retiring batting genius Brian Lara, saying he leaves behind a great legacy.But the praise was tinged with regret over his failures as captain of a declining team.The record-setting left-hander announced he would retire from international cricket after his team’s last […]
Sri Lanka crash lands spy plane
April 20, 2007 (AFP) – Sri Lanka’s air force said Friday it had lost an unmanned spy plane flying over the country’s embattled northeast close to Tamil Tiger territory. The Israeli-built Unmanned Aerial Vehicle (UAV) was lost somewhere over the northern edge of Trincomalee district, close to the Tamil rebel stronghold of Mullaitivu, Group Captain […]
Wired-up umpires is money well spent, says Tauel
BRIDGETOWN, Barbados, April 19, 2007 (AFP) – Having umpires wired-up to new technology at the World Cup to improve decision-making is a money well spent, according to world cricket’s leading official Simon Taufel.At the Super Eight stages of the World Cup, umpires have been able to listen into the stump microphones for thin edges that […]